How Technology Can Eradicate Unemployment And Jobs At The Same Time
Several days ago Steven Hill presented at the Graduate Center CUNY in New York his new book “Raw Deal: How the ‘Uber Economy’ and Runaway
Economy
Analysis and debate on the European economy: growth and investment, fiscal and monetary policy, trade, industry and inequality.
The Global Slowdown And the Narrowing Of The Fed’s Freedom Of Action
On September 17, the Federal Reserve postponed again the decision – ‘announced’ many times in advance – to raise interest rates toward “normal” levels after
Industry 4.0: We Don’t Need A New Industrial Policy But A Better Regulatory Framework
Good economic policy rests on a clear idea of what the state and business should do or leave to others. This clear division is missing
Weak States, Poor Countries
In Scotland, I was brought up to think of policemen as allies and to ask one for help when I needed it. Imagine my surprise
Euro Deflation And How To Interpret It
If you read Larry Summers in the Financial Times, you know that recent data confirm falling prices in the euro zone. Summers argues that the
The Mirage Of Structural Reform
Every economic program imposed on Greece by its creditors since the financial crisis struck in 2009 has been held together by a central conceit: that
Making Progress In Economic And Monetary Union
The State Of The Economy In Europe The recovery that has been developing over the past several quarters in Europe is encouraging but modest. To
Jeremy Corbyn’s Necessary Agenda
Seven economists (including Joseph Stiglitz, Thomas Piketty, and me) have agreed to become economic advisers to Jeremy Corbyn, the new leader of the British Labour
Why The Move Towards A Cashless Society Is Bad News For Criminals
Last week I left home without my wallet. I soon realised it did not really matter. I could even manage without a plastic card. My
How Edmund Phelps Got It Wrong On Greek Austerity
In the debate on the Greek crisis, no cliché was too tawdry to be used and no claim too stupid or false to be made
Fraud, Fools, And Financial Markets
Adam Smith famously wrote of the “invisible hand,” by which individuals’ pursuit of self-interest in free, competitive markets advances the interest of society as a
How Uber Could Be Part Of The Solution 21st Century Transportation
Uber and Big Taxi are at loggerheads in Europe and all over the world, with battle lines drawn and the public and politicians taking sides.
Policy Credibility, Market Confidence And The Private Sector
The notion of the credibility of policy-makers and how that creates incentives for the private sector to consume, save, invest and innovate is at the
Economists Vs. Economics
Ever since the late nineteenth century, when economics, increasingly embracing mathematics and statistics, developed scientific pretensions, its practitioners have been accused of a variety of
We Were Better Served By Old-fashioned Relationship-focused Bank Managers
When I was a schoolboy in Edinburgh in the 1960s, the head office of the Bank of Scotland was an imposing building on the Mound,
Euroland Has No Plan B: It Needs An Urgent Recovery Plan
At last, the eurozone economy appears to be experiencing some kind of recovery. GDP started growing again in the spring of 2013, following seven quarters